Exelon Corporation
Exelon Corporation is a utility services holding company headquartered in Chicago, Illinois. Its core business is the transmission and distribution of electricity and natural gas. The company's mission is to power a cleaner and brighter future for its customers and communities, focusing on delivering safe, reliable, affordable, and clean energy.
Exelon operates through six fully regulated utilities: Atlantic City Electric, Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power, PECO, and Pepco. These subsidiaries collectively serve approximately 10.7 million electric and gas customers across New Jersey, Maryland, Illinois, Delaware, Pennsylvania, and the District of Columbia. The company's market segments include residential, commercial, and industrial customers. Following the 2022 spin-off of its energy generation business, Constellation Energy, Exelon repositioned itself as a pure-play transmission and distribution utility.
Calvin Butler serves as the President and CEO of Exelon, having been appointed to the role at the end of 2022. Exelon is recognized as one of the largest utility companies in the United States by customer count and revenue, maintaining a market position focused on reliability, sustainability, and grid modernization. The company has outlined significant capital investment plans for grid upgrades and decarbonization initiatives. Recent corporate activities include regular quarterly dividend declarations and an executive leadership team consolidation in late 2024.
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